Rob Walton is leading a group with his daughter and son-in-law that have agreed to purchase the Denver Broncos for $4.65 billion, according to multiple reports. The sale is pending NFL approval, but that approval is expected in the coming weeks.
After announcing the sale agreement on Tuesday evening, Broncos president/CEO Joe Ellis released the following statement:
I have enjoyed getting to know Rob Walton, Carrie Walton Penner and Greg Penner throughout this process. Learning more about their background and vision for the Denver Broncos, I am confident that their leadership and support will help this team achieve great things on and off the field.
I sincerely appreciate the cooperation of our football leadership, executive team and staffs at both UCHealth Training Center and Empower Field at Mile High over the last few months and years. We also want to recognize the work of Allen & Company and Proskauer Rose, which have guided us through this process in a timely and efficient manner.
While this purchase and sale agreement is pending approval from the NFL’s finance committee and league ownership, today marks a significant step on the path to an exciting new chapter in Broncos history.
Walton will become the team’s majority owner with Carrie Walton Penner and Greg Penner serving as minority owners. Mellody Hobson is also expected to join the team’s new ownership group.
Denver now has a new head coach, a new quarterback and new owners ahead of the 2022 season (pending approval). It’s an exciting time to be a Broncos fan.
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